Chubb launches new unit for Asian SMEs

Chubb has announced the formation of a new business unit to meet the risk management needs of small and medium-sized enterprises (SMEs) in Asia Pacific.

The small commercial division will focus “on delivering a sustainable value proposition to SMEs through innovative products, tailored distribution strategies and convenient sales platforms”, said Chubb in a statement.

Chubb has also made three executive appointments to lead the new unit. The first of these is Michael Cellura, head of small commercial division, Asia-Pacific. Mr Cellura has been with Chubb for more than ten years and was previously at Chubb in Japan, leading the property and casualty business for four years.

In his new role, Mr Cellura will be expected to promote Chubb’s agency, bancassurance, broker and digital channels to the region’s small commercial businesses.

Kieran Brennan has been appointed as head of product development, small commercial division, Asia. He will focus on product design as well as the development of processes and service for SMEs. An underwriter since he began his career in the UK more than 20 years ago, he was previously with AIG as its Asia-Pacific chief underwriting officer for the SME division.

Rob Cameron has been promoted to head of actuarial, small commercial division, Asia-Pacific. Having worked for Chubb for 15 years in various roles including regional property and casualty actuary, Mr Cameron will be charged with developing actuarial models specifically for the region’s SME market.

“The SMEs’ demands for risk management are rapidly evolving as they continue to play an expanding role in the local economies across the region,” said Jason Keen, Chubb’s regional head of property and casualty.

“I’m confident that Michael, Kieran and Rob, in collaboration with the local SME teams in each country, will be able to tap the many opportunities to grow this exciting new division, together with our existing clients and distribution partners,” he added.